Template:Nutshell Equity Derivatives 8.2

Section 8.2. “Option Cash Settlement Amount” means, for each Valuation Date:

(a) Index Option Transaction and Index Basket Option Transactions: For any Exercise Date, the number of exercised Options x Strike Price Differential x one unit of the Settlement Currency x any Multiplier; and

(b) Share Option Transaction and Share Basket Option Transactions: for any Exercise Date, the number of Options exercised x Option Entitlement x Strike Price Differential.